Euro pushed down from the 5-day 50% level and back into the 3-day filter high.
As mentioned yesterday:- I would prefer to trade longs on Thursday if the 3-day filter supports Wednesday, which it has.
Thursday:- 5-day 50% level support, but at this stage looks range bound between the levels.Thursday could push down lower from the 5-day 50% level, because of the Weekly trend so it's imperative to have matching 5-day 50% level and brown filter support to confirm any UP move.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT